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$850,000

Sale Pending
3698 River Isle Ct NE, Rockford, MI 49341
3 Beds
3 Baths
4,266 Square Feet
0.58 Acres Lot
Built in 2005
Sale Pending
Units n/a
Checked: 18 hours ago
Updated: Aug 28, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$1,448
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Property Description


0.58 Acres Lot
Built in 2005
Sale Pending
Units n/a

This exceptional Rockford home, nestled on a quiet cul-de-sac with picturesque rolling hill views, features a living room sure to impress with soaring cathedral ceilings, a striking fireplace, and floor-to-ceiling windows that flood the space with natural light.. The expansive kitchen features a premium 6-burner stove with griddle, a massive island, brand-new light fixtures, and a stylish wine display area that could also serve as an office or flex space. New remote-controlled window treatments on the northern front side of the home provide privacy with ease. Step outside to a full screened-in porch and deck overlooking the wooded lot and the 15' Michael Phelps swim spa. The updated mudroom boasts new custom built-in storage and leads to a finished bonus room above the garage, while the garage itself showcases newly installed epoxy flooring and upgraded lighting. The large primary suite boasts a spa-like bathroom and a brand-new $10K custom-built closet. The walkout lower level offers a wet bar, additional living space with a fireplace, a finished bonus room, and two bedrooms with newly built custom closets, along with updated lighting, fans, and trim throughout. All of this, plus the convenience of being just a short stroll to the scenic Rogue River, the White Pine Trail, Third Nature Brewery, and Rockford High Schooloffering the perfect blend of luxury living, outdoor adventure, and everyday convenience. Don't waitschedule your tour today!

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Location


Property Details


Parking

  • Description: Door Opener, Attached
  • Details: Garage Door Opener, Attached, Paved
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Walk-Out Access, Finished
  • Fireplace: Yes

Exterior Features

  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $145/quarterly
  • Additional HOA Fee: $145

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 411011202015
  • Lot Size: 25395 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 2005

Tax Information

  • Annual Tax: $10,920

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Kent

Listing Details


Listed by:
Jamie Krier
616Homes.com LLC
(616) 920-1942

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25041294
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,448
Cap Rate
4.1%
Cash-on-Cash Return
-8.9%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.6%

Purchase Details

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Purchase price:
$850,000
Amount financed:
-$680,000
Down payment:
$170,000
Closing costs:
$25,500
Rehab costs:
$0
Initial cash invested:
$195,500
Square feet:
4,266
Cost per square foot:
$199
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$680,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,354
Property tax:
$910
Insurance:
$392
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,656

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,600 $67,200
Vacancy loss: (6%)
6% -$336 -$4,032
Operating income:
$5,264 $63,168

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$910-$10,920
Insurance: (7%)
7%-$392-$4,704
Property management: (8%)
8%-$448-$5,376
Repairs & maintenance: (5%)
5%-$280-$3,360
Capital expenditures: (5%)
5%-$280-$3,360
HOA fees: (1%)
1%-$48-$576
Total operating expenses: (42%)
42%-$2,358-$28,296

Cash Flow


Monthly Yearly
Net operating income:
$2,906 $34,872
Mortgage payments:
-$4,354 -$52,248
Cash flow:
$1,448 $17,376